Answer:
The correct answer is letter "B": Procurement.
Explanation:
Procurement specialists are managers in charge of reviewing major contracts with vendors or any type of supplier of goods useful for the manufacturing of a company. They analyze diverse data to find out what the best prices are to contribute to the firm profitability. Besides, procurement specialists must study the inflows and outflows of the company's supplies to identify shortages or surplusses.
The answer is A because it is impossible for 0 to be a coefficient
b is wrong. I just missed the question again
Answer:
Please refer the journal entries below
Explanation:
Trade Discount:
There is no accounting entry for the trade discount, trade discount is simply deducted from the total amount and the entry is passed after incorporating the trade discount
1) Audrey’s Antiques
Since Audrey’s Antiques have taken the services amounting more than $1,000, they are eligible for the trade discount of 12% i.e. ( 12% of $1,900) = $228, hence Income will be recorded at ($1,900 - $228) = $ 1,672
Advertising Fee Receivable Debit $ 1,672
Advertising Fee Income Credit $ 1,672
2) Michael’s Motors
Since Michael’s Motors have taken the services amounting less than $1,000, they are not eligible for the trade discount of 12%
Advertising Fee Receivable Debit $ 540
Advertising Fee Income Credit $ 540
